The State Property Fund of Ukraine successfully conducted nine auctions for the privatization of state assets from June 16 to June 20. As a result, 837.9 million UAH was attracted to the state budget, and the average value of the lots increased by 220% compared to the starting prices.
This is reported by Finway
Largest Sales and New Auctions
The most expensive asset among the recently sold lots was the state construction company “Ukrbud” in Kyiv, which was sold for 805 million UAH. This week, nine more auctions are scheduled. The list of lots includes the “Lviv Special Design Bureau ‘Topaz'” in Lviv and the “Scientific Center for Precision Engineering” in Kyiv.
Auction for the Sale of Rivne Radio Technical Plant
An auction for the privatization of 50% plus one share of the Rivne Radio Technical Plant is scheduled for July 4. The starting price of the share package is 121.56 million UAH excluding VAT.
“The plant is an excellent brownfield project, as it is located in the city of Rivne, just four kilometers from the international highway M06 Kyiv-Chop. Among the advantages of the facility are a large total area of buildings and land. Additional benefits include connections to utilities and the absence of any targeted restrictions. Therefore, the new owner can consider this facility as a successful site for relocation of an already established production,” the State Property Fund of Ukraine stated.
The Rivne Radio Technical Plant previously specialized in the production of radio equipment for the aviation sector and the defense industry of the former USSR, as well as manufacturing consumer goods, including tape recorders and radios. Since 2013, the enterprise has not been engaged in production activities and has the status of a bankrupt.